- Received a preliminary view from KPMG that, based on current market conditions, its analysis to date and the amount of indebtedness involved in the LBO financing, it does not expect to be in a position to deliver on the scheduled effective date of BCE's privatization, December 11, 2008, an opinion that BCE would meet the solvency tests as defined in the definitive agreement, as amended.
- The receipt at the effective time of a positive solvency opinion is a condition to the closing of the transaction.
- At the same time, KPMG indicated that BCE would meet all solvency tests under its current capital structure.
- CFO: "We are disappointed with KPMG's preliminary view of post-transaction solvency, which is based on numerous assumptions and methodologies that we are currently reviewing. The company disagrees that the addition of the LBO debt would result in BCE not meeting the technical solvency definition,"

Other headlines for [BCE]

• BCE 1/5/2009 09:07am
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• BCE 12/24/2008 08:00am
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• BCE 12/19/2008 08:00am
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• BCE 12/18/2008 04:32pm
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• BCE 12/16/2008 01:26pm
  BCE Inc. (USA) Telus Corp CFO: We are not working on a BCE acquistion
  

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